Thread by @sanjaylangval

Anupam Joshi of @hdfcmf is now live! He will be talking about the Indian Fixed Income opportunity.

Anupam has over 2 decades of experience in Fund Management and Research. He holds a PGDM in Finance. He has been part of HDFC AMC for the last 7 years.
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https://twitter.com/sanjaylangval/status/1621716943798673408

Yields have risen substantially across the tenors.
With rate hikes of 225 bps during 2022, large part of curve flattening has already happened. Now entire yield curve remains above RBI CPI inflation target range

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Interest rate outlook and the key drivers for future:

With global monetary policy cycle nearing peak, yields likely to trade in a range with a downward bias. It is a good time to start locking in yields!

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Historically, yields tend to peak before policy rates!

Bond Markets tend to price in future rate moves and move much ahead in anticipation.

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Long duration debt should be at the core of asset allocation

“How long you stay invested for will likely be the single most important factor determining how well you do at investing”- Morgan Housel

Interest rate outlook and the key drivers:

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Interest rates fall as countries move up the economic ladder. Despite the recent increases, overall yields have shown a downtrend for growing economies.